At meeting held on 31 October 2017
The Board of Directors of Future Retail at its meeting held on 31 October 2017 have approved the following -Exercise option for conversion of 1,542 Optionally Convertible Debentures of Rs 10 each which were allotted to Cedar Support Services on 01 May 2016 pursuant to scheme of arrangement between the Company and Future Retail (now known as Future Enterprises).
Consequent up on conversion of OCDs, approved the issue and allotment of 28,52,386 equity shares of Rs 2 each of Rs 538.60 per equity share aggregating Rs 154.20 crore to Cedar.
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